On behalf of Frost & Associates, LLC posted in IRS on Friday, February 9, 2018.

Recent tax reform has changed tax obligations. These changes impact not just those currently living in the United States, but also those living abroad. Some changes that will specifically impact expats include adjustments to exclusion rates and corporate taxes.

On behalf of Frost & Associates, LLC posted in IRS on Friday, January 5, 2018.

President Donald Trump’s recent tax law appears to have sparked change not just in the United States, but throughout the world. China recently announced that it would grant tax exemption to both local and foreign companies operating within their borders. A piece by CNBC discussed the new law, noting the move signals China’s “determination to gain an edge in global competitiveness.”

On behalf of Frost & Associates, LLC posted in IRS on Friday, December 22, 2017.

The pre-holiday crunch is often a busy time. This holds true for everyone that works at any level of employment. Retail, clerical, legal, financial, medical or politics. In fact, this truth holds even for the person who holds the highest office in the country.

On behalf of Frost & Associates, LLC posted in IRS on Thursday, December 14, 2017.

Retirement is a time to reap the rewards of years of hard work and planning. For some, this may mean leaving the country to be closer to family, friends or to simply take more time to explore the world. This can be a rewarding endeavor when done wisely. However, a failure to properly account for potential issues can lead to serious legal issues.

On behalf of Frost & Associates, LLC posted in IRS on Friday, December 1, 2017.

The use of offshore accounts is a point of contention in the media these days. The release of the Paradise Papers and Panama Papers arguably aimed to bring down the reputation of those who used these accounts, but the information may have led to an unforeseen result. Instead of just leading to negative press, the papers have also kindled a discussion on why people use these accounts.

On behalf of Frost & Associates, LLC posted in IRS on Monday, November 13, 2017.

The Internal Revenue Service (IRS) has taken an interest in Coinbase. Coinbase is a cryptocurrency company, specializing in this form of digital currency. The federal agency has requested the company release the names of its customers.

On behalf of Frost & Associates, LLC posted in IRS on Tuesday, October 3, 2017.

The Foreign Account Tax Compliance Act (FATCA) requires certain United States taxpayers to report foreign assets to the Internal Revenue Service (IRS). This is in addition to other requirements, such as filing the Report of Foreign Bank and Financial Accounts (FBAR) form.

On behalf of Frost & Associates, LLC posted in IRS on Wednesday, September 20, 2017.

There are a number of legal ways to reduce tax obligations. Some of these methods are common, known to anyone that has filed taxes. Basic deductions like charitable donations are a common example. Other maneuvers are more specialized.

On behalf of Frost & Associates, LLC posted in IRS on Friday, September 1, 2017.

The fact that the Internal Revenue Service (IRS) is cracking down on offshore accounts and foreign tax compliance issues is not a new one. Media outlets have been covering this story for months. However, the agency recently took a big step that will push these efforts to the next level.

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